Thomas Schmitz - Beacon Roofing Insider
Stakeholder Thomas Schmitz is not found or was disassociated from the entity Beacon Roofing Supply
If you believe Thomas Schmitz is a valid insider of Beacon Roofing Supply please let us know and we will check it out.
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Beacon Roofing Investors Sentiment
The influence of Beacon Roofing's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Beacon. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Beacon Roofing's public news can be used to forecast risks associated with an investment in Beacon. The trend in average sentiment can be used to explain how an investor holding Beacon can time the market purely based on public headlines and social activities around Beacon Roofing Supply. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Beacon Roofing's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Beacon Roofing's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Beacon Roofing's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Beacon Roofing.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Beacon Roofing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Beacon Roofing's short interest history, or implied volatility extrapolated from Beacon Roofing options trading.
Pair Trading with Beacon Roofing
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Beacon Roofing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.Moving together with Beacon Stock
| 0.65 | DSGR | Distribution Solutions | PairCorr |
| 0.83 | DXPE | DXP Enterprises | PairCorr |
| 0.75 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against Beacon Stock
| 0.86 | AZ | A2Z Smart Technologies | PairCorr |
| 0.76 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
| 0.72 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.7 | MSM | MSC Industrial Direct Financial Report 4th of July 2024 | PairCorr |
| 0.63 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to Beacon Roofing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beacon Roofing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Beacon Roofing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Beacon Roofing Supply to buy it.
The correlation of Beacon Roofing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beacon Roofing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beacon Roofing Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Beacon Roofing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Beacon Roofing Supply information on this page should be used as a complementary analysis to other Beacon Roofing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Beacon Stock analysis
When running Beacon Roofing's price analysis, check to measure Beacon Roofing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Beacon Roofing is operating at the current time. Most of Beacon Roofing's value examination focuses on studying past and present price action to predict the probability of Beacon Roofing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beacon Roofing's price. Additionally, you may evaluate how the addition of Beacon Roofing to your portfolios can decrease your overall portfolio volatility.
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Is Beacon Roofing's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Beacon Roofing. If investors know Beacon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Beacon Roofing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.65) | Earnings Share (0.59) | Revenue Per Share 146.397 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0692 |
The market value of Beacon Roofing Supply is measured differently than its book value, which is the value of Beacon that is recorded on the company's balance sheet. Investors also form their own opinion of Beacon Roofing's value that differs from its market value or its book value, called intrinsic value, which is Beacon Roofing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Beacon Roofing's market value can be influenced by many factors that don't directly affect Beacon Roofing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Beacon Roofing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beacon Roofing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beacon Roofing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.